Housing costs in Montrose?
A typical home costs
$421,400, which is 24.6% more expensive than the national average of
$338,100 and 20.1% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Montrose costs
$1,070 per month, which is 25.2% cheaper than the national average of
$1,430 and 54.2% cheaper than the state average of
$1,650.
Can I afford Montrose?
To live comfortably in Montrose, Colorado, a minimum annual income of
$80,640 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Montrose?
The cost of living in Montrose, CO is quite reasonable. According to the Council for Community and Economic Research, the Cost of Living Index for Montrose is 92.5, which is 8.5% below the national average. This means that essentials such as groceries and housing are typically cheaper than most other places in the U.S., allowing residents to enjoy a comfortable lifestyle without breaking their budget. The median home value in Montrose is approximately $276,600, which is roughly 12% lower than the national average and provides residents with access to affordable homeownership opportunities. Furthermore, the unemployment rate in Montrose sits at 2.6%, significantly lower than the 4.4% national average, making it an attractive destination for those seeking employment opportunities.